10720 Charnock Rd - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$1,995,000 USD
818-517-0845
10720 Charnock Rd, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/33
null | 5.67% Cap Rate

10720 Charnock Rd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Extensive full property redevelopment completed in 2024 with renewed interiors and exteriors for the three front bungalow-style units
  • Two NEW CONSTRUCTION units at the rear of the property placed in service in 2024 and NOT subject to rent control
  • Redesigned landscaping with newly poured walkways, curated greenery and modern perimeter fencing
  • High end quartz counters, stainless steel appliances, in-unit laundry, and custom cabinetry throughout
  • Designer kitchens and bathrooms with luxury vinyl plank or hardwood flooring in every residence
  • Mini split HVAC systems and updated electrical, plumbing, windows and doors

OVERVIEW

Realty Investment Advisors presents 10714-10720 Charnock Road, a fully renovated five unit bungalow-style apartment community positioned in one of the most desirable pockets of the Palms and Culver City corridor offered at a 5.67% CURRENT CAP RATE. Completed in 2024, the property has undergone an extensive, top-to-bottom redevelopment that blends three fully renovated front units (originally constructed in 1952) with two NEW CONSTRUCTION rear units placed into service in 2024. Both new construction units are NOT subject to rent control. Each residence features luxury vinyl plank or hardwood flooring, elegant quartz countertops, custom cabinetry, stainless steel appliances, in-unit brand name laundry equipment, designer lighting and mini split HVAC systems. The bungalow-style layout promotes privacy and a residential feel rarely found in this submarket. Kitchens and baths have been comprehensively updated, and major building systems including electrical, plumbing, windows and doors were replaced during the redevelopment. Exterior areas were thoughtfully redesigned with new drought tolerant landscaping, newly poured walkways, curated greenery, modern fencing and four dedicated off-street open air parking spaces, creating a refined environment with minimal near-term maintenance requirements. The immediate surroundings at Charnock Road and Overland Avenue continue to evolve into a notable dining and lifestyle district anchored by acclaimed restaurants such as n/naka, Phorage, Lobster & Beer, Burrata House and the long-established Versailles Cuban restaurant. Directly next door, the former Overland Cafe is undergoing a complete transformation into elevated dining and boutique retail, further enhancing energy, foot traffic and long-term desirability for this block. The property also offers proximity to Downtown Culver City’s top restaurants and entertainment, Platform Culver City, the Amazon Studios campus at The Culver Steps, Sony Pictures Studios, Apple offices, HBO and numerous creative and technology employers. Access to the Expo Line and both the 10 and 405 freeways further strengthens mobility and long-term rental demand. With its luxury level renovation, modern systems and an exceptional position in a Westside submarket experiencing meaningful growth and reinvestment, 10714-10720 Charnock Road stands out as a boutique offering ideal for investors seeking a premium product in a superior location.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$768 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,000

CAP RATE

5.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3-1

APN/PARCEL ID

4252-033-014

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.